September 30, 2023

Dimon will be questioned in a case in which women are suing a US bank for allegedly allowing Epstein to traffic in people for the purpose of sex exploitation.

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JPMorgan Chase & Co chief executive Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, a late sex offender and former client, a lawyer involved in the lawsuit said.

Testimony is expected to be taken in early May, Brad Edwards, a lawyer representing women who claim they were sexually assaulted by Epstein, said Tuesday. Women are suing the largest US bank for allegedly allowing a financier to engage in sex trafficking.

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JPMorgan declined to comment.

Epstein was a client of JPMorgan from 2000 to 2013, the last five years being the time he pleaded guilty to prostitution charges in Florida.

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JPMorgan is defending two lawsuits in Manhattan federal court seeking damages in connection with its dealings with Epstein: a proposed class action lawsuit by Epstein’s accusers and a lawsuit brought by the US Virgin Islands, where Epstein owned a home.

The bank is also suing Jes Staley, a former private banking executive and later chief executive of Barclays PLC, who was friends with Epstein.

JPMorgan wants Staley to reimburse him for eight years and damages he may suffer in other lawsuits.

The Financial Times previously reported on Dimon’s expected testimony.

Citing a person familiar with JPMorgan’s internal investigation, the newspaper said no record had been found of Dimon communicating directly with Epstein or participating in any discussions about keeping him as a client.

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On March 9, a federal judge ordered JPMorgan to release documents relating to Dimon from 2015 to 2019 to the U.S. Virgin Islands after Epstein was cut as a client, dismissing the bank’s claim that the territory was on a “fishing expedition.”

The financier’s accusers sued Deutsche Bank, of which Epstein was a client from 2013 to 2018.

Epstein committed suicide in a Manhattan prison cell at the age of 66 in August 2019 while awaiting trial for sex trafficking.